Features of the application of economic sanctions against the Russian Federation

Abstract

Today, Russia tops the list of countries against which sanctions have been imposed by the world community. At the moment, 11,579 punitive measures have been introduced against the Russian Federation and persons with citizenship. The closest "pursuer" is Iran, which has only 3,637 restrictive measures in its international portfolio, which is 68.59 % less than the leader of the list. The third and fourth lines are occupied by Syria and North Korea (2624 and 2136 sanctions respectively). Belarus closes the top fi ve with 1133 restrictions.Russia took the leading position after the decision on the Special Military Operation in Ukraine was made. Until February 22, 2022, 2,754 restrictive measures were introduced against Russia (which is 76.22 % less than the current ones) in connection with the previous events in Ukraine. For example, the United States of America has doubled this value since 2014. Statistics analyzed and collected using an online restriction tracking service. Almost all countries can be noted as aff ected by the change in the architecture of the world economy. The rejection of dollar transactions, the freezing of assets of the Central Bank of Russia, the violation of the usual supply chains, the bipolarization of the world, the open violation of international law and other facts and events have spurred all states to adjust their domestic and foreign policies.Moreover, the actual development of the problem considered in this work is completely absent from the scientifi c community due to the too short period since the introduction of the last economic restrictions.Within the framework of the article, the author reveals the features of the application of economic sanctions against the Russian Federation. The article systematizes the stages of application of sanctions against the Russian Federation.